Industrial producer prices in the eurozone grew more than expected in July, with the energy sector leading the increase, Eurostat data showed.
Prices were up 0.4% month over month in July, matching the pace of growth in June and slightly above Econoday's consensus estimate of a 0.3% increase.
Energy prices rose 1.1%, the same pace of increase as in June. Prices for intermediate goods, capital goods, durable and nondurable consumer goods ticked up 0.1%. Excluding energy, prices were up 0.1%.
On an annual basis, industrial producer prices grew 4.0% in July following a 3.6% rise in the prior month. Excluding energy, prices were up 1.7% year over year.